Data: A Cumberland DRW associated address that has been dormant for 3 years transferred 650.93 BTC to Coinbase

2024-08-24 11:00:07
Collection

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa's monitoring, a dormant Cumberland DRW associated address that had been inactive for three years deposited 650.93 BTC to Coinbase 4 hours ago (at the peak price of BTC), worth 41.96 million USD.

It is reported that tracing back the source of funds reveals that this portion of BTC was aggregated from multiple addresses of DRW six years ago, with an average price of around 4000 USD; if sold this time, it would yield a profit of about 15 times (deposit price 64,463 USD), equivalent to approximately 39.35 million USD.

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